Good on the EU for supporting consumer rights over corporate profits.
this post was submitted on 15 Jun 2024
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Man I love the EU
Sometimes. But sometimes (like next week for example) they are also trying to implement mass surveillance of all EU-Citizens' private communication.
Eu is basically a bipolar legal monkey, sometimes they so something good. Other times they do chat control
Paradoxically, due to these charges, EU profit from the consumer rights.
Namely, the fact that Apple charges a "Core Technology Fee" for developers who want to "steer" users to offers outside of its App Store. There's also an additional 3% that goes to Apple if a developer uses its payment processor.
Hmmm... 18,250M per year or 18.25B per year. For a trillion $ company, that's 0.18%. Wasn't that supposed to be more?
You’re comparing their revenue to their stock market valuation. Apple to oranges.
Ah, I thought 1T was their revenue. My bad.
Even in that case, 18.25B is 1.8% of 1T, not 0.18%.
In the article it says it is 5% of their global revenue each day. That is a lot of money, I have no doubt that they will fix it.